Private Equity 24-Hour Briefing

Last updated: July 26, 2026, 11:30 AM ET

Private Equity Dealmaking and Valuations

Elon Musk's Boring Company is reportedly at a $20 billion valuation, signaling strong investor interest in the tunneling startup. In a separate development, Bluestone Equity Partners led a $55 million growth round for Poolhouse, a cue sports platform founded by the creators of Topgolf, marking the tenth investment from Bluestone's initial $350 million fund.

Fund Realizations and Strategic Moves

Shore Capital has fully realized its inaugural real estate fund with the sale of a 102-property veterinary portfolio for $268 million to Four Corners Property Trust. Meanwhile, Perpetual has rejected a revised A$2.5 billion offer from EQT, citing a persistent price gap. In infrastructure, Blackstone Infrastructure has extended the merger deadline for TXNM Energy to May 2027 to allow for the completion of regulatory approvals in New Mexico.